Union bargaining in major sports leagues is different than traditional collectiv
ID: 1130831 • Letter: U
Question
Union bargaining in major sports leagues is different than traditional collective bargaining in that:
A. There is no negotiation of medical benefits
B. No specific wages are determined for any of the players
C. Players do not vote.
D. Collective bargaining agreements are non-binding
Josh Hamilton left the Texas Rangers signed a large contract with the Los Angeles Angels of Anaheim a few season’s ago. According to the invariance principles invariance principle:
A. Hamilton would have never left the Rangers. No team variation.
B. Hamilton’s variation in teams must have come from a shift in property rights (i.e. being
granted free agency).
C. Hamilton would have always ended up with the Angels. A change in property rights only
changes the beneficiary of the transaction, not the outcome.
D. The only reason the Angels were able to offer a higher salary (variation in wage), must be because there is a variation in team property rights, otherwise wage variation is impossible.
Vertical equity in funding a basketball stadium means we should:
A. tax parking near the stadium because those are the people likely benefiting
B. tax water because everyone needs it equally
C. tax jewelry because the burden will fall more heavily on the wealthy
D. tax other local sports franchises so they are don’t gain an advantage over
one another in offering sports entertainment.
Explanation / Answer
Union bargaining in major sports leagues is different than traditional collective bargaining in that: Players do not vote.
Josh Hamilton left the Texas Rangers signed a large contract with the Los Angeles Angels of Anaheim a few season’s ago. According to the invariance principles invariance principle: The only reason the Angels were able to offer a higher salary (variation in wage), must be because there is a variation in team property rights, otherwise wage variation is impossible.
Vertical equity in funding a basketball stadium means we should: tax jewelry because the burden will fall more heavily on the wealthy. This is because vertical equity means those with higher income will pay higher tax and those with lower income will pay lower tax.
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